Welcome to Banking as a Service
Need a bank partner to offer lending services? This could be the beginning of a beautiful partnership.
Sign UpSome of Our Partners
About Banking as a Service (BaaS)
At Medallion Bank, we supply the banking charter, platform, and regulatory compliance support allowing you to offer digital lending services through your technology platform. We are open to potential partnerships with technology and finance companies that are looking for banking as a service, marketplace lending support, or support for other types of lending services listed below.
Looking for a Way to Say, “Yes”
If you are looking for a partner who is looking for ways to find solutions rather than ways to say no, we are here for you. If you are looking for a partner to build long-term success in your business, we’re your bank. We are very collaborative in finding solutions. If there is a way to say, “yes,” and keep all of us safe and compliant, we will do our best to find it.
John T. Taylor
SVP, Strategic Partnerships
John Taylor is a member of the Medallion Bank executive team leading our strategic partnerships business since it was established in 2019. Prior to Medallion Bank, John served as president and CEO of First Electronic Bank launching several national lending programs including Fundbox, HappyMoney (formerly Payoff.com), Square, Genesis, Dent-A-Med, Applied Data Finance, LendingPoint, Blispay, and MoneyLion. In 2000, John helped to launch CIT Bank and became President in 2009. He helped launch several national consumer lending programs for partners including Dell Computer, Bill-Me-Later, Case New Holland, and Fingerhut. John holds a bachelor’s degree in business administration and accounting. He currently serves as a director and member of the Executive Committee for the Utah Association of Financial Services.
Types of Credit Offered
We are looking for partners who have the platform, compliance, and other resources to originate the following types of credit:
- Consumer Installment Loans (small and large average loan size)
- Consumer Credit Cards (smaller average loan size)
- General Use or Point of Sale for reputable product purchases like healthcare and renewable energy
Requirements to Become a Partner
Partners must have the following resources to be considered for a partnership. We are also happy to talk with you about how to get to this point.
- Technology Platform or Retail Network
- Defined target market
- Strong capital backing to support expected growth
- Staff to manage bank-level lending processes and regulatory compliance
- The ability to purchase and/or hold the loans, or established investors for take-out
Press Release
Medallion Bank Announces Fintech Strategic Partnership With KashableSeptember 30, 2024
Medallion Bank (Nasdaq: MBNKP), an FDIC-insured bank specializing in consumer loans for recreational vehicles, boats, and home improvements, as well as loan products through fintech partners, today announced a strategic partnership…
Read Full Press ReleaseMedallion Bank Announces Fintech Strategic Partnership With TriBeam FinancialApril 11, 2024
Medallion Bank (Nasdaq: MBNKP, the “Bank”), an FDIC-insured bank providing consumer loans for recreational vehicles, boats, and home improvements, along with offering loan products through fintech partners, announced today it had…
Read Full Press Release
